Bill Type
Congress Name
Long Title
AN ACT REQUIRING 50% OF PROFITS AND CAPITAL BY MINING COMPANIES OPERATING IN THE PHILIPPINES TO BE RETAINED IN GOVERNMENT BANKS FOR A MINIMUM PERIOD OF TWENTY-FIVE (25) YEARS, ESTABLISHING MECHANISMS FOR ITS PROPER RETENTION AND ADMINISTRATION AND FOR OTHER PURPOSES
Date filed
July 4, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00767 |
| FULL TITLE : AN ACT REQUIRING 50% OF PROFITS AND CAPITAL BY MINING COMPANIES OPERATING IN THE PHILIPPINES TO BE RETAINED IN GOVERNMENT BANKS FOR A MINIMUM PERIOD OF TWENTY-FIVE (25) YEARS, ESTABLISHING MECHANISMS FOR ITS PROPER RETENTION AND ADMINISTRATION AND FOR OTHER PURPOSES |
| SHORT TITLE : "Mining Profits Withholding Act of 2005" |
| ABSTRACT : "Mining Profits Withholding Act of 2005". The bill prescribes the rules to be observed in the repatriation of the profits and capital of foreign mining companies. It prescribes the mining royalty rates to be granted to indigenous people and other communities affected by mining operations. |
| PRINCIPAL AUTHOR/S : PINGOY, ARTHUR "DODO" JR. Y. M.D. |
| DATE FILED : 2007-07-04 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON NATURAL RESOURCES ON 2007-07-31 |
Abstract
"Mining Profits Withholding Act of 2005". The bill prescribes the rules to be observed in the repatriation of the profits and capital of foreign mining companies. It prescribes the mining royalty rates to be granted to indigenous people and other communities affected by mining operations.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.